Non-metal permanent magnets trade by country: top importers, exporters and prices
World trade in non-metal permanent magnets was worth $1.71 billion in 2024, about 303.0 thousand tonnes. That is an increase of 10% since 2017, and up 8% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.71B | 303.0K t |
| 2023 | $1.58B | 260.4K t |
| 2022 | $1.77B | 267.9K t |
| 2021 | $1.77B | 290.1K t |
| 2020 | $1.30B | 213.6K t |
| 2019 | $1.53B | 247.2K t |
| 2018 | $1.63B | 263.6K t |
| 2017 | $1.56B | 254.1K t |
Top non-metal permanent magnets exporting countries
Exports are led by China (54%), Germany (6%) and Japan (5%). 150 countries reported exports, and the top three account for 64%.
| Exporter | Value | Share |
|---|---|---|
| China | $923.4M | 54% |
| Germany | $93.9M | 5.5% |
| Japan | $79.1M | 4.6% |
| South Korea | $72.7M | 4.3% |
| United States | $67.7M | 4% |
| Vietnam | $53.4M | 3.1% |
| Malaysia | $50.0M | 2.9% |
| Italy | $38.5M | 2.3% |
| France | $33.2M | 1.9% |
| Mexico | $27.9M | 1.6% |
| United Kingdom | $25.4M | 1.5% |
| Netherlands | $22.4M | 1.3% |
Top importing countries and buyer markets
Germany is the biggest buyer with 11% of world imports, ahead of the United States and China. Demand is spread widely: the top three take 24% across 203 importing countries.
| Importer | Value | Share |
|---|---|---|
| Germany | $184.8M | 11% |
| United States | $128.1M | 7.5% |
| China | $105.5M | 6.2% |
| Mexico | $96.7M | 5.7% |
| Thailand | $84.5M | 5% |
| Vietnam | $81.4M | 4.8% |
| India | $72.3M | 4.2% |
| Japan | $70.3M | 4.1% |
| Italy | $66.9M | 3.9% |
| Philippines | $59.3M | 3.5% |
| South Korea | $58.0M | 3.4% |
| France | $50.9M | 3% |
Average price per kg
The world average declared value was about $5.64 per kg in 2024. Among the main exporters, the United States averaged $21.20 per kg and Vietnam $2.31 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
The shipment records behind Non-metal permanent magnets (HS 8505.19) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 8505.19: Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metal. HS 8505 codes.
Common questions
Which countries export the most non-metal permanent magnets?
China exported $923.4 million in 2024, 54% of the world total, followed by Germany (6%) and Japan (5%). In all, 150 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most non-metal permanent magnets?
Germany imported $184.8 million in 2024, 11% of world imports, ahead of the United States (8%) and China (6%). The top three importers together take 24%. Each country with its own page is linked from the table.
How big is the world trade in non-metal permanent magnets?
It was worth $1.71 billion in 2024, about 303.0 thousand tonnes. That is an increase of 10% since 2017. The peak year was 2021 at $1.77 billion. 150 countries reported exports and 203 reported imports.
What is the average price of non-metal permanent magnets per kg?
The world average declared value was about $5.64 per kg in 2024. Among the main exporters, the United States averaged $21.20 per kg and Vietnam $2.31 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for non-metal permanent magnets?
The HS code for non-metal permanent magnets is subheading 8505.19, in chapter 85 (electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 8505 page.
How can I find non-metal permanent magnets buyers and suppliers?
Company names sit below these country totals: EximDataX reads the customs records shipment by shipment, with dates and values. We can show non-metal permanent magnets buyers and suppliers on a short call.
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